SSC BOARD PAPERS IMPORTANT TOPICS COVERED FOR BOARD EXAM 2024

### Practical Problems | Q 2 | Page 115 Chapter 2: Accounts of ‘Not for Profit’ Concerns Balance Sheet as on 01.04.2018

Chapter 2: Accounts of ‘Not for Profit’ Concerns

Balbharati Solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board.

Practical Problems | Q 2 | Page 115

Balance Sheet as on 01.04.2018

 Liabilities Amt. ₹ Amt. ₹ Assets Amt.  ₹ Amt .₹ Subscription received in Advance for 2018 - 19 20,000 Outstanding Subscription 2016 - 17 26,000 2017 - 18 35,000 61,000

Receipts and Payments Account for the year ending 31.03.2019.

 Liabilities Amt. ₹ Amt. ₹ Assets Amt.  ₹ Amt .₹ Subscription received in Advance for 2018 - 19 20,000 Outstanding Subscription 2016 - 17 26,000 2017 - 18 35,000 61,000

Outstanding Subscription for 2018 - 19 is  32,000

With the above information present the item Subscription in Income and Expenditure Account for the year ended 31.03.2019 Balance Sheet as on the date.

Solution:

In the books of ________________

Income and Expenditure Account for the year ended 31st March 2019

 Expenditure Amount (₹) Amount (₹) Income Amount (₹) Amount (₹) By Subscription 4,10,000 Add: Outstanding Subscription for Current Year 2018–19 32,000 4,42,000 Add: Subscription of Current Year received in Advance in the Previous Year 2017–18 20,000 4,62,000

Balance Sheet as on 31st March 2019

 Liabilities Amt (₹) Amt (₹) Assets Amt (₹) Amt (₹) Subscription received in Advance for the Year 2019 – 20 21,000 Outstanding Subscription for Add: Year 2018–19 (Current year) 32,000 Add : Year 2016–17 (26,000 – 23,000) 3,000 Add : Year 2017–18 (35,000 – 30,000) 5,000 40,000

Working Note :

Outstanding subs. given in the balance sheet as on 01 – 04 – 2018 are  26,000 (for 2016–17) and  35,000 (for 2017 – 18). Against that as shown in receipt – Payment A/c  23,000 and  30,000 are received respectively. Means  3,000 and  5,000 are still outstanding which are known in the current year balance sheet.

Book-keeping and Accountancy 12th Standard

HSC Maharashtra State Board. Latest Syllabus.

Chapter 1: Introduction to Partnership and Partnership Final Accounts

Chapter 2: Accounts of ‘Not for Profit’ Concerns

Chapter 3: Reconstitution of Partnership (Admission of Partner)

Chapter 4: Reconstitution of Partnership (Retirement of Partner)

Chapter 5: Reconstitution of Partnership (Death of Partner)

Chapter 6: Dissolution of Partnership Firm

Chapter 7: Bills of Exchange

Chapter 8: Company Accounts - Issue of Shares

Chapter 9: Analysis of Financial Statements

Chapter 10: Computer In Accounting

ACCOUNTS BOARD PAPERS

HSC Accounts March 2020 Board Paper With Solution

MARCH 2014 : View | PDF Download

PROFORMA OF PROFIT & LOSS ACCOUNT: View | PDF Download

PROFORMA OF BALANCE SHEET: View | PDF Download

BILL OF EXCHANGE: View | PDF Download

FORMAT OF BILL: View | PDF Download

RETIREMENT OF PARTNER: View | PDF Download

DEATH OF PARTNER: View | PDF Download

ACCOUNTING FOR SHARES : View | PDF Download

DISSOLUTION OF PARTNERSHIP FIRM : View | PDF Download

VALUATION OF GOODWILL WITH SOLUTION: View | PDF Download

FORMAT OF FINAL ACCOUNT : View | PDF Download

INTRODUCTION TO PARTNERSHIP: View | PDF Download

ACCOUNTANCY PAPER PATTERN

SINGLE ENTRY

FINAL ACCOUNT

NPO

BILL OF EXCHANGE

BILL OF EXCHANGE [FORMAT].

ADMISSION OF A PARTNER

RETIREMENT OF PARTNER

DEATH OF PARTNER

ACCOUNTING FOR SHARES

DISSOLUTION OF PARTNERSHIP FIRM

VALUATION OF GOODWILL WITH SOLUTION

FORMAT OF FINAL ACCOUNT

INTRODUCTION TO PARTNERSHIP

ACCOUNTS BOARD PAPERS WITH SOLUTION

IMPORTANT PRACTICE PAPER FOR BOARD EXAM 2020

ACCOUNTS SAMPLE PAPER ONE

ACCOUNTS SAMPLE PAPER TWO

ACCOUNTS SAMPLE PAPER THREE

OBJECTIVE QUESTIONS

ANSWER IN ONE SENTENCE EACH

SELECT THE MOST APPROPRIATE ALTERNATIVE

WRITE THE WORD/ TERM / PHRASE

STATE TRUE OR FALSE